So noticed that everyone had been buying treasuries and the yield went to 0.37. Thinking that the US debt ceiling (if raised) will greatly increase supply, but not demand, I bought a put on SHY (1-3 year short term us treasury etf) @ 85.00 for 0.93.
If US defaults, I break the bank, if they raise the ceiling, i make a little.
Also been looking at greek bonds...the combined rollover bond is 53.xx, 54.xx now. I want to buy this but cannot through my broker. Cannot even find an etf on it...
Tuesday, June 28, 2011
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